MasterBeef Group (NASDAQ:MB) Short Interest Update

Key Points

• Short interest plunged by 35.9% in April to 3,295 shares as of April 15, leaving a days-to-cover of 0.4 and effectively 0.0% of shares sold short.
• Institutional investor Citadel Advisors LLC raised its stake by 27% to 14,612 shares, representing about 0.09% of the company and roughly $125,000 at quarter end.
• Weiss Ratings reiterated a Sell (D-) on the stock; MB trades near $6.41 with a 52-week range of $3.06–$16.40, indicating persistent bearish analyst sentiment despite recent volume.

MasterBeef Group (NASDAQ:MB - Get Free Report) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 3,295 shares, a drop of 35.9% from the March 31st total of 5,144 shares. Based on an average trading volume of 9,228 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company's shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in MasterBeef Group stock. Citadel Advisors LLC boosted its stake in shares of MasterBeef Group (NASDAQ:MB - Free Report) by 27.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,612 shares of the technology company's stock after buying an additional 3,104 shares during the period. Citadel Advisors LLC owned 0.09% of MasterBeef Group worth $125,000 at the end of the most recent quarter.

MasterBeef Group Price Performance

Shares of MB traded up $0.31 during midday trading on Tuesday, reaching $6.41. 69,279 shares of the stock were exchanged, compared to its average volume of 39,371. MasterBeef Group has a 52 week low of $3.06 and a 52 week high of $16.40. The company's 50 day moving average is $5.73 and its two-hundred day moving average is $6.65.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of MasterBeef Group in a report on Friday, April 10th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of "Sell".

MasterBeef Group Company Profile

MINDBODY, Inc operates a cloud-based business management software and payments platform for the small and medium-sized businesses in the wellness services industry. Its platform enables businesses to run, market, and build scheduling and online booking, performance tracking, staff management, client relationship management, integrated payment processing, retail point-of-sale, purchase tracking, inventory, hardware integration, analytics and reporting, branded Web, mobility, social integration, client acquisition dashboard, security and compliance, and integration with other cloud-based partners for yoga, Pilates, indoor cycling, group and personal training, boutique fitness, salons, spas, and integrative health businesses.

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